what are five components that a normal form game consist of?
what are five components that a normal form game consist of?
Homework Answers
Normal form game = When the description of the game like its strategies and payoff are represented in the form of matrix or tabular ( data are in the form of tables and columns ) are known as normal form game
5 components of normal form games are as follows -
- each players' have strategies in more specific way.
- perfect full information in static way is given.
- maximize profit is players object here .
- players are individual here and can make relevant decision by their own .
- players receive a payoff at the end of the game.
consider the following game in normal form: Consider the following game in normal form: Player B...
consider the following game in normal form:
Consider the following game in normal form: Player B BY B2 B3 9,9 2,4 1,11 Player A 3,2 11,0 2,7 A3 10,3 4,2 9,11 Which of the following is TRUE? O A3 dominates A2 O B3 is a dominant strategy for Player B. O A3 is a dominant strategy for Player A. The game has dominant equilibrium A3, B3.
3. Represent the following extensive form game in a normal form game.(2 points) P1 Top Bottom...
3. Represent the following extensive form game in a normal form game.(2 points) P1 Top Bottom P2 L L P1 (5,5) (1,1) R. (3,1) (1,3) (-1,-1) (0,0)
3 parts Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the...
3 parts
Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the questions that follow: Pepsi Don't Supply (D) Supply(5) Don't Supply (D) 250,200 300,0 Coke Supply(5) 200,100 350,200 a. What is the Nash equilibrium/equilibria strategy of the game? O a. {S,S) b.{D,S} OCD,D) d. {S,D) QUESTION 12 Consider the Normal Form game from question 10: If Coca-Cola was to utilize a maximin strategy, what strategy will it choose a. Don't supply b. Supply O {SS}...
Solve the following Extensive Form game by Backward Induction, then covert them into Normal Form and...
Solve the following Extensive Form game by Backward Induction,
then covert them into Normal Form and find the pure-strategy Nash
equilibria in Normal Form.
P1 V P2 (2, 2) P1 (1,3) B (3,4) (4,2)
3 part question Consider the Normal Form game below between Pepsi and Coca-Cola and then answer...
3 part question
Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the questions that follow: Pepsi Don't Supply (D) 250,200 Supply(S) 300,0 Don't Supply (D) Coke Supply(S) 200,100 350,200 a. What is the Nash equilibrium/equilibria strategy of the game? O a. {SS} b.{D,S} OC {D,D) O d. {S,D} QUESTION 12 Consider the Normal Form game from question 10: If Coca-Cola was to utilize a maximin strategy, what strategy will it choose? O a. Don't supply...
Refer to the normal-form game of advertising shown below. Firm A Firm B Advertise Do Not Advertise Advertise...
Refer to the normal-form game of advertising shown below. Firm A Firm B Advertise Do Not Advertise Advertise $0,$0 $175,$10 Do Not Advertise $10,$175 $125,$125 Consider the advertising game in Figure 10-17. Firms A and B know the game will be played for exactly five periods. What is a Nash equilibrium to this game? {advertise, do not advertise} {advertise, advertise} {do not advertise, do not advertise} provided the interest rate is less than 0.10 percent {advertise, advertise} provided the interest...
Game Theory 7. Consider the following normal form game 1 2 A B A 1,4 2,0...
Game Theory
7. Consider the following normal form game 1 2 A B A 1,4 2,0 B 0,8 3,9 Determine all of the Nash equilibria (pure and mixed) for this game.
The normal form of a game uses a matrix to depict the strategic interactions of the...
The normal form of a game uses a matrix to depict the strategic interactions of the players. True/False
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and...
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Fizz Low Price 550, -200 200, 100 a. What...
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and...
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Low Price 550,-200 200, 100 Fizz a. What is...
consider the following game in normal form:
Consider the following game in normal form: Player B BY B2 B3 9,9 2,4 1,11 Player A 3,2 11,0 2,7 A3 10,3 4,2 9,11 Which of the following is TRUE? O A3 dominates A2 O B3 is a dominant strategy for Player B. O A3 is a dominant strategy for Player A. The game has dominant equilibrium A3, B3.
3. Represent the following extensive form game in a normal form game.(2 points) P1 Top Bottom P2 L L P1 (5,5) (1,1) R. (3,1) (1,3) (-1,-1) (0,0)
3 parts
Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the questions that follow: Pepsi Don't Supply (D) Supply(5) Don't Supply (D) 250,200 300,0 Coke Supply(5) 200,100 350,200 a. What is the Nash equilibrium/equilibria strategy of the game? O a. {S,S) b.{D,S} OCD,D) d. {S,D) QUESTION 12 Consider the Normal Form game from question 10: If Coca-Cola was to utilize a maximin strategy, what strategy will it choose a. Don't supply b. Supply O {SS}...
Solve the following Extensive Form game by Backward Induction,
then covert them into Normal Form and find the pure-strategy Nash
equilibria in Normal Form.
P1 V P2 (2, 2) P1 (1,3) B (3,4) (4,2)
3 part question
Consider the Normal Form game below between Pepsi and Coca-Cola and then answer the questions that follow: Pepsi Don't Supply (D) 250,200 Supply(S) 300,0 Don't Supply (D) Coke Supply(S) 200,100 350,200 a. What is the Nash equilibrium/equilibria strategy of the game? O a. {SS} b.{D,S} OC {D,D) O d. {S,D} QUESTION 12 Consider the Normal Form game from question 10: If Coca-Cola was to utilize a maximin strategy, what strategy will it choose? O a. Don't supply...
Game Theory
7. Consider the following normal form game 1 2 A B A 1,4 2,0 B 0,8 3,9 Determine all of the Nash equilibria (pure and mixed) for this game.
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Fizz Low Price 550, -200 200, 100 a. What...
3. [Normal to Extensive Form Game) Consider the following pricing game between Bernie's Lemon Fizz and Adam's Orange Zip. Bernie can set a high, medium, or low price for the drink while Adam is only considering a High or Low price, and their profits are given by the following table: Adam's Orange Zip High Price Low Price High Price 650, 300 -400, 400 Bernie's Lemon Medium Price 900, 150 100, 100 Low Price 550,-200 200, 100 Fizz a. What is...
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